Prepayments from Consolidated Excess Cash Flow. In the event that (i) the Consolidated Leverage Ratio shall be equal to or greater than 4.00:1.00 as of the last day of any Fiscal Year (commencing with Fiscal Year 1999) and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower shall, no later than the date on which Borrower is required to deliver audited financial statements with respect to such Fiscal Year pursuant to subsection 6.1(ii), prepay its outstanding Term Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow (the remaining 50% of such Consolidated Excess Cash Flow being "RETAINED EXCESS CASH FLOW").
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Samples: Credit Agreement (Boyds Collection LTD), Credit Agreement (Boyds Collection LTD)
Prepayments from Consolidated Excess Cash Flow. In the event that (i1) the Consolidated Leverage Ratio shall be equal to or greater than 4.00:1.00 as of the last day of any Fiscal Year (commencing with Fiscal Year 19991997) and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower Company shall, no later than the date on which Borrower Company is required to deliver audited financial statements with respect to such Fiscal Year pursuant to subsection 6.1(ii), prepay its outstanding Term Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow (the remaining 50% of such Consolidated Excess Cash Flow being "RETAINED EXCESS CASH FLOWRetained Excess Cash Flow").
Appears in 2 contracts
Samples: Credit Agreement (Amphenol Corp /De/), Credit Agreement (NXS I LLC)
Prepayments from Consolidated Excess Cash Flow. In the event that (i1) the Consolidated Leverage Ratio shall be equal to or greater than 4.00:1.00 as of the last day of any Fiscal Year (commencing with Fiscal Year 19992000) and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower Company shall, no later than the date on which Borrower Company has delivered or is required to deliver audited financial statements with respect to such Fiscal Year pursuant to subsection 6.1(ii), prepay its outstanding Term Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow (the remaining 50% of such Consolidated Excess Cash Flow being "RETAINED EXCESS CASH FLOW").
Appears in 2 contracts
Samples: Credit Agreement (Alliance Imaging Inc /De/), Credit Agreement (Alliance Imaging Inc /De/)
Prepayments from Consolidated Excess Cash Flow. In the event that (i1) the Consolidated Leverage Ratio shall be equal to or greater than 4.00:1.00 as of the last day of any Fiscal Year (commencing with Fiscal Year 19991997) and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower Company shall, no later than the date on which Borrower Company is required to deliver audited financial statements with respect to such Fiscal Year pursuant to subsection 6.1(ii), prepay its outstanding Term Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow (the remaining 50% of such Consolidated Excess Cash Flow being "RETAINED EXCESS CASH FLOW").
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Prepayments from Consolidated Excess Cash Flow. In the event that (i) the Consolidated Leverage Ratio shall be equal to or greater than 4.00:1.00 3.25:1.00 as of the last day of any Fiscal Year (commencing with Fiscal Year 1999ending December 31, 2003) and (ii) there shall be Consolidated Excess Cash Flow for such Fiscal Year, Borrower Company shall, no later than the date on which Borrower Company is required to deliver audited financial statements with respect to such Fiscal Year pursuant to subsection 6.1(ii), prepay its outstanding Term Loans in an aggregate amount equal to 50% of such Consolidated Excess Cash Flow (the remaining 50% of such Consolidated Excess Cash Flow being "RETAINED EXCESS CASH FLOW").
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